Solved

Assuming That the Marginal Utility of Wealth Diminishes Implies That

Question 124

Multiple Choice

Assuming that the marginal utility of wealth diminishes implies that


A) you have more total utility with $100 than with $1,000.
B) you have more total utility with $1,000 than with $1,001.
C) an additional dollar increases your total utility more if you only have $100 than if you have $1,000.
D) an additional dollar does not increase your total utility regardless of your wealth.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions